Applying For Amex Business Cards: What You Need To Know

Filed Under: American Express, Credit Cards
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American Express has a great portfolio of small business cards, and they often have increased welcome bonuses. For that matter, a lot of card issuers are focused on small business cards nowadays, and you’ll often find that they have better welcome bonuses and benefits than personal cards.

For those who may not be familiar with the process of applying for business cards, in this post I wanted to talk about Amex small business cards — what offers are available, what are the advantages of applying for Amex business cards, and how should you go about applying.

The best Amex business cards

There are several great American Express business cards, depending on what you’re looking for. Here are a few of my favorites:

Delta Business Amex Cards

Delta’s co-branded Amex cards have increased bonuses:

Redeem SkyMiles for travel in Delta One

Hilton Business Amex

Receive complimentary breakfast with the Gold status that comes with the card

Amex Blue Business Plus

Earn lots of Membership Rewards points with this card

Amex Business Platinum

  • The Business Platinum® Card from American Express has a $595 annual fee (Rates & Fees) and offers many perks that help offset it, including a $200 annual airline fee credit, a Priority Pass membership, access to Delta SkyClubs when flying Delta same day, Amex Centurion Lounge access, 10 Gogo wifi passes per year, and more

Access Amex Centurion Lounges with this card

The advantage of applying for Amex business cards

There are a few things worth knowing specifically about applying for Amex business cards. Anecdotally:

  • Applying for Amex business cards doesn’t count towards Chase’s 5/24 limit; that’s because these applications typically aren’t reported on your personal credit report
  • If you’re an existing Amex cardmember and apply for another Amex card, your credit won’t initially be pulled; this means that if you get a preliminary denial based on existing information, it won’t ding your credit score
  • Among business credit cards, I find that Amex cards are significantly easier to be approved for than Chase or Citi cards, so it’s a great place to start if you’re getting your first business card

The restrictions on applying for Amex business cards

Amex’s general restrictions on applying for cards is as follows:

  • You can generally have at most five Amex credit cards at any given point; it doesn’t matter whether they’re personal or business, and this limit doesn’t include charge cards (the only card above that’s a charge card is the Amex Business Platinum)
  • You can typically be approved for at most two American Express credit cards in 90 days, though there are some inconsistencies when it comes to that (again, this doesn’t include charge cards)

How to fill out an Amex business card application

Those who already have business credit cards are probably familiar with the application process, but for those who aren’t, here’s what you need to know.

It can be intimidating to apply for your first business credit card, though even if you’re a small business or sole proprietorship, you should be eligible. When applying for an Amex business card, you’ll be asked the following questions:

  • Legal Business Name
  • Business Address & Phone Number
  • Industry Type
  • Company Structure
  • Years In Business
  • Number Of Employees
  • Annual Business Revenue
  • Estimated Monthly Spend
  • Federal Tax ID

 

If you’re a sole proprietorship, how should you approach this? First of all, and most importantly, answer everything truthfully. I think the concern that a lot of people have is that they think they need an incorporated business, a separate office, etc., in order to be considered for a business card. That’s not the case:

  • You can use your name as your legal business name
  • The business address and phone number can be the same as your personal address and phone number
  • You can select “other” as your industry type, if that’s the case
  • If you’re a sole proprietorship, you can select that as your company structure
  • In terms of years in business, there’s no shame in saying it has been less than a year, 1-2 years, etc.
  • In terms of the number of employees, saying just one is perfectly fine
  • For the federal tax ID you can put your social security number

While a lot of people are intimidated by applying for their first business card, I think most are pleasantly surprised at the results. Again, the most important thing is to always be truthful on the application.

Bottom line

American Express business cards can be very beneficial additions to your wallet, so hopefully this is useful for anyone who hasn’t yet applied for an Amex business cards.

Even if you’re not someone who has applied for Amex business cards in the past, you may be pleasantly surprised by the results.

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business℠ Plus Credit Card from American Express (Rates & Fees), and The Business Platinum® Card from American Express (Rates & Fees).

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Comments
  1. Unless you are trying to stay under 5/24, I don’t see the purpose of getting a business card by posing as a “sole proprietor” since I sometimes sell stuff on Ebay, rather than just the personal version of the same card.

    Why do you and other bloggers love to mention business cards when most of us readers have full-time jobs and don’t run our own businesses? Do you guys get better referral bonuses on business cards? Unless we actually run incorporated businesses with an employee or two, I don’t see how we would benefit from having a business credit card. Is there some tax benefit that I am missing by bundling my occasional eBay sales with my personal income?

  2. @ Sam — Lots of our readers have small businesses, and even more have side gigs, freelance, or run micro-businesses in addition to their day jobs. There are lots of benefits to business credit cards, from different earnings rates for spending, to additional opportunities to earn welcome bonuses, etc., and many people find it worthwhile to have a mixture of personal and business cards.

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